21st Century Belongs to Bharat: India's Bio-Economy Projected to Reach $1 Trillion by 2047
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500+ questions on Science & Tech with explanations
📌 Summary:
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Union MoS for Science & Technology Dr. Jitendra Singh stated that India's bio-economy is projected to grow to $1 trillion by 2047, up from ~$165 billion in 2024
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India is moving towards "full-spectrum technological capability" — from gene editing to quantum computing, ocean exploration to space — supported by strong policy and institutional frameworks
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The Minister was delivering a keynote at IIT Roorkee's international conference "Vision 2047: Prosperous and Great Bharat 2.0"
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Key growth drivers: biomanufacturing, synthetic biology, biopharma, agricultural biotech, and bio-based materials under the National Biopharma Mission and BioE3 Policy
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BioE3 Policy (Biotechnology for Economy, Environment, and Employment) was notified in 2024 to promote high-performance biomanufacturing
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India currently has over 9,000+ biotech startups and is among the top 12 biotech hubs globally; the Biotechnology Industry Research Assistance Council (BIRAC) supports startups
🎯 UPSC Relevance: GS3 — Science & Technology (biotechnology, biomanufacturing, BioE3 policy); GS3 — Indian Economy (bio-economy, Viksit Bharat 2047)
📝 Prelims Facts:
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India bio-economy 2024: ~$165 billion; target 2047: $1 trillion
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BioE3 Policy: Biotechnology for Economy, Environment, Employment — notified 2024
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BIRAC: Biotechnology Industry Research Assistance Council
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India biotech startups: 9,000+; Top 12 global biotech hub
🔑 Key Term: BioE3 Policy — India's national policy (notified 2024) to promote high-performance biomanufacturing aligned with circular bioeconomy principles, targeting economy, environment, and employment goals simultaneously
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